On-chain analysis platform Lookonchain has scrutinized the recent large Solana (SOL) transfers and sales of an address belonging to the Pumpfun team.
According to the latest data, Pumpfun reinvested 98,594 SOL (worth $20.47 million) into the Kraken exchange 9 hours ago.
According to information shared by Lookonchain, Pumpfun has transferred a total of 1,662,657 SOL ($337 million) to Kraken so far. The address that sold a portion of this amount has sold 264,373 SOL for 41.64 million USDC to date.
Pumpfun’s on-chain analysis shows that the address has earned a total of 2,129,336 SOL ($428 million). These large amounts are being watched closely by investors and the crypto community. Pumpfun allows users to create their own tokens in minutes without any coding knowledge.
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